Statement processor vs posting clerk

The differences between statement processors and posting clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a statement processor and a posting clerk. Additionally, a statement processor has an average salary of $63,304, which is higher than the $37,587 average annual salary of a posting clerk.

The top three skills for a statement processor include bank statements, financial statements and computer system. The most important skills for a posting clerk are data entry, patients, and patient accounts.

Statement processor vs posting clerk overview

	Statement Processor	Posting Clerk
Yearly salary	$63,304	$37,587
Hourly rate	$30.43	$18.07
Growth rate	-3%	-3%
Number of jobs	6,101	66,943
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 37%
Average age	46	46
Years of experience	12	12

Statement processor vs posting clerk salary

Statement processors and posting clerks have different pay scales, as shown below.

	Statement Processor	Posting Clerk
Average salary	$63,304	$37,587
Salary range	Between $39,000 And $102,000	Between $29,000 And $47,000
Highest paying City	-	Buffalo, NY
Highest paying state	-	Michigan
Best paying company	-	Pacific Medical
Best paying industry	-	Manufacturing

Differences between statement processor and posting clerk education

There are a few differences between a statement processor and a posting clerk in terms of educational background:

	Statement Processor	Posting Clerk
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 37%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Statement processor vs posting clerk demographics

Here are the differences between statement processors' and posting clerks' demographics:

	Statement Processor	Posting Clerk
Average age	46	46
Gender ratio	Male, 40.6% Female, 59.4%	Male, 19.9% Female, 80.1%
Race ratio	Black or African American, 10.0% Unknown, 4.5% Hispanic or Latino, 18.9% Asian, 7.4% White, 58.2% American Indian and Alaska Native, 1.0%	Black or African American, 10.6% Unknown, 4.3% Hispanic or Latino, 19.7% Asian, 7.2% White, 57.4% American Indian and Alaska Native, 0.9%
LGBT Percentage	7%	7%

Differences between statement processor and posting clerk duties and responsibilities

Statement processor example responsibilities.

Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
Sort incoming USPS and interoffice mail.
Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
Verify the accuracy of the loan documents to the prepared HUD.
Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.

Posting clerk example responsibilities.

Manage finance operations of assign USPS location.
Process transactions including, ACH information, payments and NSF fees.
Assist with monthly account reconciliations, perform reconciliation of cash accounts and researched/follow up with age or outstanding items.
Enter numeric data into PeopleSoft system and research unidentify cash payments receive from customers.
Respond to inquiries from internal organization and external customers regarding package processing, delivery information and services offer by USPS stores.

Statement processor vs posting clerk skills

Common statement processor skills

Bank Statements, 34%
Financial Statements, 29%
Computer System, 25%
Account Numbers, 12%

Common posting clerk skills

Data Entry, 17%
Patients, 16%
Patient Accounts, 11%
Medicaid, 7%
Computer System, 7%
Credit Card Payments, 6%